CBOT wheat may test support at $6.88
WEAT•CBOT December wheat may test support at $6.88 per bushel; a break below could open the way toward $6.78-1/2.
1. Support and resistance
The contract broke support at $6.93-3/4, identified as the 123.6% projection level, which is now resistance. A break above it may lead to a gain into the $6.97-1/2 to $7.03-1/4 range.
